Amidst the commodity price inflation, Ashish Bhatia with Sumesh Soman checks the bearing on zinc in its various forms for the components industry. If you start dismantling a modern automobile, be it under the hood, tearing apart the chassis, or inspecting the fuel system, you are likely to find many parts plated with Zinc. The element plays a crucial role[Read More…]
KPIT Technologies Ltd, a global partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, announced the development of the Software Excellence Centre in Kochi. The Centre will be developed along with PathPartner Technology, which joined the KPIT family in 2021. KPIT’s strategic partnership with global OEMs and Tier 1s and focus on building software-defined vehicles consistently[Read More…]
Peugeot Sport has signed a multi-year partnership with Marelli. This partnership is based on the development of the most efficient electric solution to match the extreme performance requirements of the hybrid powertrain system of the PEUGEOT 9X8 Hypercar, that will compete from 2022 in the World Endurance Championship (WEC). Specifically, Marelli is providing the engineering and the supply of high-performance[Read More…]
Detroit Engineered Products (DEP) was recently recognised by the Export Promotion Council for EOUs and SEZs and was awarded Second Place for the Highest Annual Employment in EOU Unit –Engineering (2019-20). The award was presented to Basant Sharma, Vice President, DEP by Smt. Anurpiya Singh Patel, Hon’ble Minister, Commerce, and Industry, in a ceremony graced by Shri. M. Venkaiah Naidu,[Read More…]
As of January 2022 the BorgWarner plant in Chennai completed one million accident-free working hours. The large number of hours without recordable incidents was rewarded with the company’s CEO Safety Award. In addition to the recognition by BorgWarner top management, the award includes prize money of 20,000 USD (15,30,552 rupees), which will be donated to regional charity organizations, as is[Read More…]
Speciality chemicals company LANXESS is imposing global price surcharges for its inorganic pigments with immediate effect. Prices will rise by EUR 400 per metric ton for iron oxide pigments from the production site in Krefeld-Uerdingen, Germany, and EUR 200 from the Porto Feliz site in Brazil – or the equivalent amount in national currency. In addition, the Inorganic Pigments business[Read More…]
Suzuki Motor, parent of automaker Maruti Suzuki, announced that it would invest Rs 10,440 crore to build a new electric car and battery factory in India. Maruti Suzuki is expecting to roll out affordable EV models in both Japan and India as early as 2025. The Japanese automaker intends to invest around Rs 3,000 crore for the new plant to[Read More…]
Ola Electric has invested in an Israeli battery technology company StoreDot that excels in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry and manufacturing as well as other battery technologies and new[Read More…]
Stone Plant Investments B.V., an affiliate of Warburg Pincus has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies (“Imperial” or the “Group”). Imperial is a manufacturer of fluid transmission products (“FTP”) for automobile and off-highway sectors and was founded in 1969, The Group claims to generate revenues of approximately Rs. 2,200 crores, offers a diversified[Read More…]
Allison Transmission, a designer and manufacturer of vehicle propulsion solutions for commercial and defence vehicles announced that 100 JBM CITYLIFE city buses are being added to the existing fleet of Delhi city. In a recent function held at Rajghat Depot in Delhi, Arvind Kejriwal, Chief Minister of Delhi, and Mr. Kailash Gahlot, Delhi Transport Minister, flagged off the 100 JBM[Read More…]
